Richmont shifts focus to Newfoundland
With activity at its Quebec mines winding down, junior miner Richmont Mines (RIC-T) is drawing financial strength from its low-cost operations in northwestern Newfoundland.The company’s wholly owned, …
Articles by Northern Miner Staff
Phelps Dodge aims for smoother sailing at El Abra
Denver — After a rough year at the helm of the El Abra copper mine in northern Chile, Phelps Dodge (PD-N) is beginning to turn the operation around.The open-pit mine failed to meet the expectations p…
AngloGold expands from South African base
When AngloGold (AU-N) was established in early 1998, it sought to transform itself from a company with aging South African mines and few growth opportunities into to a company with a broad portfolio o…
Golden Goliath outlines drill targets in Mexico
Armed with $4.5 million from an over-subscribed public offering last fall, Golden Goliath Resources (GNG-V) is busy outlining drill targets at three of its five properties in Mexico’s Urachic gold-sil…
General Minerals in Oz
Denver — Canadian-domiciled and American-based General Minerals (GNM-T) is learning to explore with an Australian accent.The transition isn’t as difficult as it sounds, as one of the company’s new bo…
BHP inks deal with Rio
Vancouver — A subsidiary of Australia’s largest mining house has inked a deal with junior Southern Rio Resources (SNZ-V) to earn up to a 70% stake in the Santo Thomas copper-gold-molybdenum porphyry …
Gold reverses recent gains
Denver — The Dow Jones industrial average weakened slightly to 10,591.22, to finish the Feb. 28-March 6 report period down 45.66 points, or 0.4%, while gold gave up most of the previous week’s gains….
Gammon Lake pushes Ocampo resource above 1m oz.
Extensive exploration by Gammon Lake Resources (GAM-T) at its Ocampo gold-silver property in Mexico has paid off handsomely in new ounces.Watts, Griffis & McOuat (WGM) now estimates Ocampo’s total mea…
Partners comb Newfoundland for copper
Noranda (NOR-T) and Cornerstone Capital Resources (CRI-V) will explore the copper potential of a belt of rocks in eastern Newfoundland.The joint venture, dubbed the Red Cliff project, covers a 780-sq….
Tiomin deals Cerro Colorado to Aur Resources
J.C. Potvin’s Tiomin Resources (TIO-T) is transferring ownership of the Cerro Colorado porphyry-copper project, in Panama, to Aur Resources (AUR-T).The deal falls under the terms of a loan-and-option …
McKenzie Bay proceeds with Lac Dor study
Junior McKenzie Bay International (mkby-o) has commissioned a bankable feasibility study of its Lac Dor vanadium project, 25 km southeast of Chibougamau, Que.A 4-member committee split equally betwee…
Gold Funds (March 12, 2001)
Gold Funds as of March 1, 2001Dundee Precious MetalsCentral FundNet Value$12.45$5.33Price$7.47$4.900…